Trend in price distribution emerges with October 2009 data

December 6, 2009

San Antonio had fewer homesales overall in 2009.  There is a story in the price distribution of the houses sold.  For example, San Antonio’s extremely low priced homes, or homes under $70,000, gained more market share at every price point.  In 2009, more of the homes sold were extremely low priced homes.  The data show decent gains for average priced homes, too, see below.

Price Range	Percent Distribution		# of Sales
	2008	2009*	2008	2009*	Change
$29,999 or less	2.3	2.7	446	423	-5.24%
30,000 - 39,999	1.7	2	330	313	-5.04%
40,000 - 49,999	2	2	388	313	-19.28%
50,000 - 59,999	2.2	2.3	427	360	-15.61%
60,000 - 69,999	2.7	2.6	523	407	-22.27%
70,000 - 79,999	3.6	2.9	698	454	-34.98%
80,000 - 89,999	4.5	4	872	626	-28.25%
90,000 - 99,999	4.4	4.2	853	657	-22.95%
Under 100k	23.4	22.7	4,537	3,552	-21.70%
100k - 119,999	9.7	10	1,881	1,565	-16.78%
120k - 139,999	12.1	12.4	2,346	1,940	-17.28%
140k - 159,999	11.4	11.5	2,210	1,800	-18.57%
100k - 160k	33.2	33.9	6,436	5,305	-17.58%
160k - 179,999	8.8	8.6	1,706	1,346	-21.12%
180k - 199,999	6	6.7	1,163	1,048	-9.86%
200k - 249,999	10.2	10	1,977	1,565	-20.86%
250k - 299,999	6.3	6.5	1,221	1,017	-16.72%
300k - 399,999	6.3	6.2	1,221	970	-20.56%
400k - 499,999	2.6	2.4	504	376	-25.49%
500k and more	3.2	2.9	620	454	-26.85%

The middle range homes show gains, as seen in the $100k to $160k category and the $180k to $199,999 category, the latter having a large increase in marketshare.  Homes above $300,000 all showed drops in 2009.  San Antonio has a median family income of around $53,000 and banks have gotten tighter with their lending requirements, so it is likely families who would have risked the higher mortgage in 2006 either will not or cannot in today’s market.

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